Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.9612213 |
details, prediction |
Cardano
ADA
|
0.94700223 |
details, prediction |
Crypto.com Chain
CRO
|
0.9460225 |
details, prediction |
Ethereum
ETH
|
0.935051 |
details, prediction |
XRP
XRP
|
0.9252842 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.9817203 |
details, prediction |
Bitcoin Gold
BTG
|
0.97689605 |
details, prediction |
Theta Fuel
TFUEL
|
0.97418344 |
details, prediction |
Tezos
XTZ
|
0.971355 |
details, prediction |
Ravencoin
RVN
|
0.970511 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.98630536 |
details, prediction |
SingularityNET
AGI
|
0.9796437 |
details, prediction |
Steem
STEEM
|
0.9731926 |
details, prediction |
Gas
GAS
|
0.9651856 |
details, prediction |
Lisk
LSK
|
0.9619695 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bitcoin Cash price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.
It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies -
Bitcoin,
Ethereum and
Ripple, so the prediction of their prices will affect the price of Bitcoin Cash
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.6813723 |
details, prediction |
ZCash
ZEC
|
-0.31036237 |
details, prediction |
TRON
TRX
|
-0.075952485 |
details, prediction |
Binance Coin
BNB
|
0.4270154 |
details, prediction |
Monero
XMR
|
0.49965167 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.6004087 |
details, prediction |
Dai
DAI
|
-0.58910954 |
details, prediction |
Telcoin
TEL
|
-0.46397936 |
details, prediction |
OriginTrail
TRAC
|
-0.34648326 |
details, prediction |
True USD
TUSD
|
-0.2485604 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.0971149 |
details, prediction |
OPEN Platform
OPEN
|
0.03477894 |
details, prediction |
Komodo
KMD
|
0.059371646 |
details, prediction |
Chronobank
TIME
|
0.079584576 |
details, prediction |
Matrix AI Network
MAN
|
0.20656225 |
details, prediction |
This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)